Try Quests to earn cryptoImpacts of UST on STBL
This week we saw the depeg of UST(a stablecoin built on Terra) and it sent shockwaves through all blockchain ecosystems causing the crypto market to crash. STBL is a 100% fully collateralized stablecoin created by the AlgoFi protocol. Let’s look at how the circulating supply of STBL was impacted by the events from May 8th to May 14th. Let’s look at how much STBL was borrowed and how much repaid during the volatile week? What assets were swapped for STBL? Was there more swap volume into or out of STBL? Did we see a one to one swap swap volume with USDC? If not, why not? Were there certain trades causing this discrepancy? Look at actions regarding STBL such as staking on AlgoFi.